VOL. XLV

No 17

29-April-2002

EGYPT

New Gas Discovery In North Idku ConcessionOffshore Nile Delta

Thepartners in the North Idkuconcession, German Oil & Gas Egypt (GEOGE - operator with 50%), BP (30%)and Germanys RWE-DEA (20%), have announced a gas discovery in their North Idku concession, located in the Nile Delta offshore Egypt. GEOGE is owned 51% by RWE-DEA and 49% by Veba Oil & Gas, which is now held by PetroCanada (MEES,25 February). A drill stem test resulted in a flow rate of 26.7mn...